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Aluminum screw cap producer posts big net loss
Edited by : AL CIRCLE
1 min read
The net loss of private joint-stock company KGS&CO (Malynivka, Chuhuyiv district, Kharkiv region), a producer of aluminum screw caps for the liquor and vodka industry, in 2012 came to Hr 15.35 million under Ukrainian accounting standards, which is 2.5 times worse than the indicator of 2011.
According to a report on the holding of an annual general meeting of shareholders scheduled for April 23, 2013, the company's undistributed loss grew from Hr 5.98 million in 2011 to Hr 21.33 million in 2012.
The company managed to considerably cut current liabilities – by 3.8 times, to Hr 32.89 million, while long-term liabilities did not change, being Hr 141.43 million. Money resources fell from Hr 16.8 million to Hr 380,000, and bills receivable as of early 2013 stood at Hr 34.5 million.
The company's assets in 2012 contracted by 5.7%, to Hr 374.55 million.
The company also said that the number of its employees last year fell by 12.8%, to 252 people.
The net revenue of KGS&CO in 2011 was down by 5.3%, to Hr 89.13 million, while its net loss soared by 3.1 times, to Hr 6.05 million.
According to a report on the holding of an annual general meeting of shareholders scheduled for April 23, 2013, the company's undistributed loss grew from Hr 5.98 million in 2011 to Hr 21.33 million in 2012.
The company managed to considerably cut current liabilities – by 3.8 times, to Hr 32.89 million, while long-term liabilities did not change, being Hr 141.43 million. Money resources fell from Hr 16.8 million to Hr 380,000, and bills receivable as of early 2013 stood at Hr 34.5 million.
The company's assets in 2012 contracted by 5.7%, to Hr 374.55 million.
The company also said that the number of its employees last year fell by 12.8%, to 252 people.
The net revenue of KGS&CO in 2011 was down by 5.3%, to Hr 89.13 million, while its net loss soared by 3.1 times, to Hr 6.05 million.
Tagged with:Aluminium
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